- EADS Reports 9 Percent Earnings Decline[Jul. 28, 2006]
Airbus parent EADS yesterday reported a 527 million ($663.9 million) second-quarter net profit, down 9% from 582 million in the year-ago quarter, on revenues of 9.9 billion, a 10% rise over last year.It conceded that "operational issues" leading to A380 delivery delays, the A350 redesign and the resignations of top executives at both EADS and Airbus made the second quarter a difficult one.
- Second Quarter A Record-breaker: AirTran[Jul. 28, 2006]
The records piled up for AirTran Airways in the second quarter, with net income of $32 million--nearly triple the year-ago quarter's $11.4 million profit--the highest in any three-month period in its 13-year history.All-time quarterly records also were set for RPMs, capacity, enplaned passengers and load factor, figures that "speak clearly of the customers' demand for our product," according to Chairman and CEO Joe Leonard.
- GetThere Appoints Ludger Bals to Lead[Jul. 21, 2006]
GetThere has announced the appointment of Ludger Bals as director of sales, account management and the travel agency re-seller channel for Europe, the Middle East and Africa.
- Boeing Reports Second-Quarter Results[Jul. 26, 2006]
Revenue grew 2 percent to $15.0 billion, 7 percent year to date.
- JetBlue Is Close to Rejoining Some GDSs[Jul. 25, 2006]
JetBlue is in the "final stages of negotiations" with several GDSs that will put the airline back in at least some of those systems, airline chairman and CEO David Neeleman revealed July 25.
- Air India Suspect Gets Limited Standing[Jul. 26, 2006]
A man who was once a prime suspect in the Air India bombing has won the right to limited participation in a public inquiry into the tragedy that killed 331 people in June 1985.
- Austrian's Outlook Darkens After Loss[Jul. 26, 2006]
Austrian Airlines Group announced its half-year financial results yesterday and revealed that it will not achieve a balanced adjusted EBIT this year as planned owing to "continued high kerosene prices that exceed our budgetary assumptions, already set high as a precautionary measure, and because of the negative consequences of the capacity bottlenecks that have emerged at Austrian air traffic control since spring," according to CEO Alfred Oetsch.
- JetBlue Airways Returns to the Black[Jul. 26, 2006]
After two consecutive quarters in the red, JetBlue Airways announced a return to profitability yesterday with net earnings of $14 million during the three months ended June 30, an increase of just 7.7% over the $13 million profit in the year-ago quarter but a performance that represented "a definite step in the right direction," according to Chairman and CEO David Neeleman."Our comprehensive and ongoing plan has become a new way of doing business at JetBlue," Neeleman added.
- Jetstar's Overseas Fares the 'Lowest'[Jul. 26, 2006]
Low-cost Qantas offshoot Jetstar International will today launch long-haul overseas fares it believes are up to 30 per cent lower than the cheapest everyday fares available from competitors.
- TRAVELfusion Gives Meta-search an API[Jul. 25, 2006]
TRAVELfusion is giving e-commerce application developers access to its patented travel search and trip planning platform TRIPplannerXML. (7/25/2006)